Tbird19482
Verified User
Yep they don't have factories ready to make a lot of the things we buy from overseas and it will take years for us to build them IF companies have the money to do it.no they didn't.
nope.
the bankers attacked America by withholding liquidity.
These tariffs this high will cause sales to go down of a lot of " American made " goods because they use a lot of parts made overseas, EX a lot of Ford cars and trucks only have something like 36 - 40 % American parts in them , these tariffs are said to increase the price of a mid level car 4 to 6 thousand dollars.
Sales will go down people will get laid off putting the economy into a recession, so companies will not have the money to build new plants.
Then people aren't thinking these tariffs also include oil imports. ( we import 6 to 8 MBPD ) CEOs of oil companies said several months ago that they will drive up the cost of gas and fuel about a dollar a gallon so add that cost to the price of everything you buy driving the cost up even more. ( it is a fact everything you buy has been on a truck at some time )
Tariffs as high as Trump wants will only hurt the economy and could drive us into a deep recession / depression as a lot of economist have been saying.
Tariffs are NOT paid by the exporting country they just add them to the price of their goods and the Consumer is the one that pays them.
So when Trump ups them on MAGAS will cry but they got what they wanted so they have NO right to cry.